Credit Union Times Editor-in-Chief Sarah Snell Cooke calls on Congress to expand member business lending authority and unleash jobs growth.
Bankers lobby asks its members to write senators to oppose latest version of Senate bill to raise member business lending cap.
Trade group engages in ad fight with banking counterparts.
WASHINGTON—The political pitch to raise the credit union member business lending cap are claims that doing so will spur job growth. According to credit union executives that attended this year’s Governmental Affairs Conference, that claim is more than just wishful thinking.
Mark Udall (D-Colo.) has repackaged and reintroduced his bill to remove the cap on credit union member business lending, setting it up for a possible vote by the full chamber.
WASHINGTON — Efforts to raise the business lending cap have been the only part of the jobs act that would actually create jobs, Sen. Mark Udall (D-Colo.) says.
WASHINGTON — The timing is perfect for credit unions to lobby their congressional representatives to lift the business lending cap, a key CUNA lobbyist told the GAC.
WASHINGTON — Credit unions are on the rise, thanks to unprecedented media attention and recovering financials, CUNA President Bill Cheney told the GAC on Monday morning.
Senate Majority Leader Reid said he'll continue work to see bill to raise cap brought before chamber.
CUNA and NAFCU have been petitioning Congress to add language expanding credit union ability to offer member business loans to two jobs bills that are making their way through the legislative process.